[209 Pages Report] The cockpit electronics market for automotive is estimated to be USD 34.12 Billion in 2017 and is projected to grow at a CAGR of 8.60% during the forecast period.

The base year for the report is 2016 and the forecast period is 2017 to 2022. The market for cockpit electronics is primarily driven by the rising consumer demand for enhanced user experience and convenience features. Additionally, the market is also influenced by the growth in the connected vehicles and integration of smartphones with vehicles. Earlier, the share of electronics system in a vehicle was merely 1 to 2% of the total vehicle cost. However, due to the rising demand for enhanced user experience and convenience features, the share of such systems has increased to 8 to 12% of the total vehicle cost.

To provide a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges)

To segment the automotive cockpit electronics market and forecast its size, by product, type, end market, fuel type, and level of autonomous driving, based on regions, namely, Asia-Pacific, Europe, North America, and Rest of the World

To segment the automotive cockpit electronics market and forecast the market size, by volume and value, based on the products, type of electronics, end market, fuel type, and level of automation

To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants

The research methodology used in the report involves primary and secondary sources and follows a bottom-up approach for the purpose of data triangulation. The study involves the country-level OEM and model-wise analysis of interior cockpit electronic components. This analysis involves historical trends as well as existing penetrations by country as well as vehicle type. The analysis is projected based on various factors such as growth trends in vehicle production and adoption rate by OEMs, among others. The analysis has been discussed and validated by primary respondents, which include experts from the automotive electronics industry, manufacturers, and suppliers. Secondary sources include associations such as International Organization of Motor Vehicle Manufacturers (OICA), American Association of Motor Vehicle Administrators (AAMVA), Automotive Component Manufacturers Association of India (ACMA), and paid databases and directories such as Factiva and Bloomberg.

The figure below illustrates the break-up of the profile of industry experts who participated in primary discussions.

The ecosystem of the automotive cockpit electronics market consists of automotive electronics system manufacturers and service providers such as Robert Bosch GmbH (Germany), Continental AG (Germany), Harman International (U.S), Visteon Corporation (U.S), and Delphi Automotive PLC (U.K). These systems and technologies are supplied to automotive OEMs such as Volkswagen AG (Germany), General Motors (U.S.), Daimler AG (Germany), and others.

The cockpit electronics market for automotive is projected to grow at a CAGR of 8.60% from 2017 to 2022, to reach a market size of USD 51.54 Billion by 2022. The key drivers of this market are rising consumer demand for enhanced user experience and convenience features, growth in the connected vehicles, and integration of smartphones with vehicles.

Head-up displays are estimated to be the fastest growing product segment globally, in terms of volume and value. The growth of this segment can be attributed to increasing demand for premium and luxury passenger cars as head-up displays are majorly featured in these vehicles. Also, increasing awareness about safety features among consumers is driving the head-up display market. The infotainment and navigation segment is estimated to be the largest market, in terms of value. The growth of this segment is due to the increasing adoption of integrated infotainment and navigation systems by OEMs. Advanced cockpit electronics is estimated to be the largest as well as the fastest growing market. Advanced cockpit electronics features such as windshield head-up display, high-end information display, and advanced telematics are estimated to grow at a higher CAGR as compared to the components in the basic cockpit electronics.

Luxury passenger cars are estimated to be the fastest growing segment of the automotive cockpit electronics market, by end market. Luxury passenger cars are feature rich in terms of electronic systems. Several OEMs are including high-end infotainment and windshield head-up display in their luxury passenger cars. The cockpit electronics market for battery electric vehicles (BEV) is estimated to be the fastest growing market in the fuel type segment. This growth is due to the increased production of electric vehicles. The largest market in the segment is the internal combustion engine (ICE) vehicles, and it is expected to remain an attractive market in the near future due to its production and sales.

Asia-Oceania is estimated to dominate the cockpit electronics market for automotive, by volume as well as value. The region comprises countries such as China and India, which are major automotive hubs in terms of vehicle production as well as sales. The demand for cockpit electronics is directly linked to the vehicle production and consumer demand in this region. Hence, with the shift of automobile manufacturing plants to developing countries, the companies engaged in manufacturing cockpit electronics and their components have started focusing on these markets.

A key factor restraining the growth of the cockpit electronics market is the high cost of advanced cockpit electronics systems. Advanced electronic systems involve high development cost. This means that the companies have to invest heavily in research and development for developing and testing advanced electronic systems. The high costs involved are restraining the adoption of the automotive cockpit electronics by OEMs. The market is dominated by a few global players. Some of the key manufacturers operating in the market are Robert Bosch GmbH (Germany), Continental AG (Germany), Harman International (U.S), Visteon Corporation (U.S), and Delphi Automotive PLC (U.K).

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